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For Sale

The Courtyard, 40A Main Street ,

A94 Y1R7
236 SQ.M
Guide price
€700,000
Investment Property

Property Overview

The property comprises an L shaped two-storey over basement mews currently in office use extending to approx. 236 sq.m (2,540 sq.ft) NIA. It has a traditional granite façade, with a pitched slate roof and is accessed through a landscaped front garden. There is also rear access from Idrone lane.

The ground floor and basement are a mix of open plan and cellular offices. There is a reception area, kitchenette, store and bathrooms. The first-floor offices are bright and airy and feature high vaulted ceilings and velux roof lights.

The ground floor and basement are leased to Gloss Publications from 15th May 2022 to expiry in 30th April 2023 at a passing rent of €19,792 per annum. Currently overholding. The first floor is leased to RMA Architecture Limited from April 2017 to expiry in April 2027 at a passing rent of €18,752 per annum. Both tenants have signed Deed of Renunciations. The total passing rent is €38,544.

There is a feasibility study showing the potential change of use from office to residential to comprise three No. 2 bedroom units extending from 95 sq.m to 126 sq.m. (subject to planning permission)

Offers are being sought in excess of €700,000 exclusive.

The property comprises an L shaped two-storey over basement mews currently in office use extending to approx. 236 sq.m (2,540 sq.ft) NIA. It has a traditional granite façade, with a pitched slate roof and is accessed through a landscaped front garden. There is also rear access from Idrone lane. The

  • Office Investment with a passing rent of €38,544 pa
  • Potential for change of use to residential (SPP)
  • Blackrock Town Centre location
  • Entire building extends to approx. 236 sqm (2,540 sqft) NIA
  • Tenants not affected by the sale.

Accommodation

The accommodation and approximate floor areas comprise (NIA):

Description Sq.msq.ft
Basement 49526
Ground floor 82915
First Floor 1021,098
Total2362,540

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